Senseonics Holdings Inc (SENS)

[leemalone2k3]

My long term strategy:
Buy ling term calls on a dip. When the stock pops and reaches resistance, sell short term calls and let them expire worthless, collecting premium and lowering the cost of those long term purchases until they are free riding.

Trades:
Apr 14 I purchased Jan2023 2.00 calls at 1.60
Jun 11 I sold weekly calls at .40 that expired on Jun 18 netting me max gain and lowering the cost from 1.60 to 1.20.


The option chain on SENS is priced for a .50 move in the stock price between now and September expiration. I’m planning on selling the 4.50 calls for .40 or higher again this week in hopes they expire worthless.